1-in-5 adults with stock market investments 'struggle' to find an IFA

Shortage of IFAs and wealth managers is 'unlikely' to improve

Hope Coumbe
clock • 2 min read

A shortage of talent has left 19% of adults with stock market-related investments unable to find an IFA to manage their finances over the last decade, according to Investec Wealth & Investment.

A study carried out among both UK consumers and financial planners found almost half of planners (42%) believe the shortage of IFAs and wealth managers nationally is set to increase over the next five years. Over a third (39%) of the consumer respondents said the main reason they had been unable to access a financial planner in the last decade was they "did not think the ones they spoke to were very good". In close to a quarter (24%) of scenarios, the IFAs the consumer respondents approached were planning to either leave the industry or change jobs shortly, while many also found advis...

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